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The energy consumption - real GDP nexus revisited : empirical evidence from 93 countries

Narayan, Paresh Kumar and Popp, Stephan 2012, The energy consumption - real GDP nexus revisited : empirical evidence from 93 countries, Economic modelling, vol. 29, no. 2, pp. 303-308, doi: 10.1016/j.econmod.2011.10.016.

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Title The energy consumption - real GDP nexus revisited : empirical evidence from 93 countries
Author(s) Narayan, Paresh Kumar
Popp, Stephan
Journal name Economic modelling
Volume number 29
Issue number 2
Start page 303
End page 308
Total pages 6
Publisher Elsevier BV
Place of publication Amsterdam, The Netherlands
Publication date 2012-03
ISSN 0264-9993
1873-6122
Keyword(s) energy consumption
real GDP
panel causality
Summary In this paper, we analyse the long-run relationship between energy consumption and real GDP for 93 countries. We find mixed results on the impact of energy consumption on real GDP, with greater evidence at the country level supporting energy consumption having a negative causal effect on real GDP. For the G6 panel of countries, we find significant evidence that energy consumption negatively Granger causes real GDP. This means that for countries where energy consumption has a negative long-run causal effect on real GDP, energy conversation policies should not retard economic growth. We identify these countries and regional panels. We argue that these countries/regions should play a greater role in reducing carbon dioxide emissions.
Language eng
DOI 10.1016/j.econmod.2011.10.016
Field of Research 150202 Financial Econometrics
Socio Economic Objective 910104 Exchange Rates
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2011, Elsevier B.V.
Persistent URL http://hdl.handle.net/10536/DRO/DU:30046278

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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Created: Thu, 26 Jul 2012, 17:26:35 EST by Aysun Alpyurek

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